[Date Prev][Date Next][Thread Prev][Thread Next][Date Index
China, Burma Leaders Agree To More Trade
BEIJING (AP-DJ)--China's president and the leader of Burma's ruling =
council agreed Monday to expand trade ties.
To that end, President Jiang Zemin and General Than Shwe witnessed =
signing of two agreements on Chinese loans and on economic and technologi=
cooperation, China's official Xinhua News Agency reported.
Xinhua did not provide details on the documents nor on a third agreeme=
cultural exchanges. The countries had been discussing Chinese help in =
a cement plant, a hydroelectric power station and an international airpor=
Rangoon, Burma's capital.
Jiang told Than Shwe, chairman of Burma's State Law and Order Restorat=
Council, that China will encourage its enterprises to do business with =
Xinhua said. The news agency reported that Than Shwe called for more trad=
between the countries.
Two-way trade was estimated to have reached $600 million last year, =
jump over 1994.
The two leaders also discussed political ties and international and =
issues, Xinhua said.
Than Shwe arrived late Sunday for a six-day visit. He's accompanied =
Lieutenant General Khin Nyunt, secretary of the SLORC, Burma's foreign =
and five other top generals.
(END) AP-DOW JONES NEWS 08-01-96
Japan/Marubeni/Myanmar -2: For 200 Construction Machines
TOKYO (AP-DJ)--Marubeni Corp., a leading Japanese trading company, =
2.6 billion yen order for construction machinery from the government of =
a Marubeni spokesman said Monday.
The spokesman said the order for 200 construction machines - including
bulldozers and oil pressure shovels - will be distributed to Burma's Mini=
of Construction. The equipment will be used to build infractructure.
The latest order is the largest construction-machinery deal signed =
Myanmar and a foreign company, the Marubeni spokesman said. Since Myanmar=
barred from receiving official development loans from the Japanese govern=
Marubeni will provide financing assistance through a three-year deferred
payment arrangement for the machinery, the spokesman added.
The latest order came after Marubeni and Myanmar reached a comprehensi=
agreement in February 1995 which covers development of infrastructure =
In trading on the Tokyo Stock Exchange Monday, shares of Marubeni were
unchnaged at 576 yen in the morning dealings.
(END) AP-DOW JONES NEWS 07-01-96
Burma's Suu Kyi Says Inflation Has Left Many Hungry
BANGKOK (AP-DJ)--Raging inflation has left many Burmese families with =
to eat, and others consuming meals that are a health hazard, Aung San =
said in a newspaper column on Monday.
Suu Kyi, who is the foremost figure in Burma's struggling democracy =
writes a column called 'Letter from Burma,' once a week for the Mainichi =
News in Japan. This week's column, entitled 'Breakfast Blues,' was seen =
Associated Press in Bangkok.
'One of the most popular topics of conversation in Burma today is the =
inflation,' Suu Kyi wrote. Burmese people talk about inflation 'indignant=
incredulously, furiously,' she said.
She added that many families couldn't afford meat and were forced to
substitute cooking ingredients such as peanut oil with items such as palm=
or monosodium glutamate.
This has made meals 'not just unsatisfactory but also something of =
hazard,' she wrote.
(END) AP-DOW JONES NEWS 08-01-96